Posts Tagged ‘Cash Flow’
It Was the Best of Times. It Was the Worst of Times. Budget Now. No Matter What.
For business owners, December is never dull! You will feel pressure to close sales, deliver product, schmooze with your prospects and referral networks, show gratitude to your employees, and close out your books for the year. However, amid the chaos of holiday hoopla, it is critical to make time for a detailed review and inspection…
Read MoreProfit Drain #2 – Under Achieving Productivity
Ways to Improve Productivity, Reduce Waste & Increase Profit Is your productivity under achieving ? You say “no” right away, but almost every business has places where they could be more efficient.
Read MoreProfit Drain #1 – Not Knowing Your REAL Costs
Are You Charging Enough to Cover Your Costs AND Make a Profit? The purpose of being in business is to make more money than it costs to provide your goods and service, right? And “what should I charge?” can be a loaded question. You’re making money, but is it enough?
Read MoreAfraid to raise your prices? Don’t be – and here’s why.
When we first start a business, the biggest question we often think is, “what should I charge?” We tend to start out where we’re comfortable and confident people will buy. After a while we may find that we’re making sales easily. That’s an indication to consider raising prices. If you also find that you’re working…
Read MoreTips To Keep Your Books Current & On-Point
According to a small business administration study, over 28% of businesses go bankrupt due to problems with the financial structure of the company, and in many cases this could have been avoided.[1] Understanding your accounting reports is essential in order to stay on top of business so you can manage your finances and make informed…
Read MoreCreating a Business Budget is Just About as Important as the Business Itself!
Think about it – when drawing out a plan of action for your business, you can minimize any unexpected cash flow issues, control spending, inform decisions in other departments, assist with financing applications and reduce overall risk. Here are 12 steps you can take right now to create a business budget. Research Costs – Why?…
Read More8 Business Challenges To Overcome
Growing your dream company can have some challenges along the way. With the rate that companies go out of business and fail, here are 8 challenges to consider, along with advice on how you can avert disaster before it strikes. Starting for the Wrong Reason – According to Forbes, more than 500,000 business are started each month…
Read MoreCash Flow Problems? Here Are Some Alternatives
When you’re suffering with cash flow problems and consider alternative finance for your business, there are a few options available. It mostly depends on what the money is needed for, the size, type and life stage of your company, your (and your company’s) credit rating, and how much you need. Do you know which form…
Read MoreBusiness Budgeting 101
Just because you’ve opened a business, doesn’t mean you necessarily know everything you need to about how to run it, especially the financial aspects. No one teaches this! Unless you have a finance degree, I bet no one ever taught you how to read a cash flow statement or create (and manage) a budget. Many…
Read MoreCash Flow Challenge
We all know that in order to grow, you’ve got to spend money. The challenge is, where do you get it from? If you think you’re ready to grow, think again. The signs may have been positive lately: revenues are up, you’re selling more services, and work in coming in faster than you know what…
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